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The tax, a form of income tax known as TDS, has prompted as many as 5 million crypto traders to move their transactions offshore, and has cost the government a potential $420 million in revenue since it was introduced in July, 2022, according to the study by the Esya Centre. Source
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United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a
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On Oct. 24, the controversial Recover service from hardware wallet manufacturer Ledger is expected to be released. This was confirmed by the company’s CTO, Charles Guilleme. The solution provides a paid, optional subscription wallet recovery service for users who need a secure seed backup, Guilleme said. Ledger Recover, provided by Coincover, is
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Popular blockchain investigator says the firm’s leaked report shows “highly questionable services.” Blockchain sleuth ZachXBT called out Gotbit, a crypto market maker, for offering dubious services as the list of the firm’s services became public. In an X post on Sunday, Sept. 24, ZachXBT posted a screenshot of Gotbit’s services, which
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The digital euro “is a solution looking for a problem and potentially only causes problems … it will only cause confusion amongst consumers and could undermine confidence in financial systems,” Hoogeveen said, although he acknowledged his party might not have enough votes to reject the plans outright. “We'll at least
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Brazil’s Central Bank revealed the official name of the new central bank digital currency (CBDC), also known as the digital real, DREX. The name was revealed during a live broadcast on the bank’s YouTube channel, hosted by
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The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%. Original Source
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Negotiators said they had struck a deal on the controversial text on June 28, shortly after organizations linked to numerous blockchains, including Stellar, Polygon, NEAR and Cardano, expressed their concerns in an open letter, but no text has been released until now. Source
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The European Union (EU) legislators have reached an agreement to move ahead with the controversial Data Act that drew scrutiny from the crypto community earlier. The finalization of the deal was confirmed by EU’s Commissioner for Internal Market Thierry Breton in a Tweet calling it a “milestone in reshaping the
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“With the adjustments made to the text we are no longer addressing smart contracts in general but make this regulation applicable specifically to the execution of contractual clauses in the context of data sharing,” Damian Boeselager, a lawmaker who led negotiations for the European Parliament’s Green grouping, told CryptoX. Source
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